Hi
I have few question
If a firm buys a trade journal and only manager reads it and keep it in his office. What will be the tax implications
Replies (1)
Please login or register to join the discussion.
Eh?
If it is a trade journal for the trade in which the company is engaged, the subscription will be a tax-deductible trade expense and not a BIK for the individual manager. No VAT should be charged on the subscription, so that does not come into it.